A.M. Best Special Report: Vietnam’s Insurers Seize Opportunities Arising From Growing Motor Population

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HONG KONG--(BUSINESS WIRE)--Revised coverage limits for Vietnam’s motor compulsory third-party liability in 2012 contributed to a 7.4% increase in motor market premium in 2013, which exceeded the overall non-life insurance market’s premium growth of 6.7%. A new Best’s Special Report characterizes motor insurance as a major class of business in Vietnam’s non-life insurance industry, which accounted for 28% of the country’s non-life direct premium income in 2013. Yet that premium income as a perc

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